ABS-CBN artists, talent managers take pay cuts to support network
Artists and talent managers of ABS-CBN have agreed to take a cut in their talent fees to cushion the impact of the network’s shutdown.
After going off the air following a cease and desist order from the National Telecommunications Commission in May, some ABS-CBN programs are being shown now on the Kapamilya Channel on cable and satellite TV.
ABS-CBN chief operating officer for broadcast Cory Vidanes in a statement on Saturday thanked those behind these shows for agreeing to the pay cut – one of the cost-saving measures being done by the company.
“We are grateful to all our artists for their understanding and support for the network during these difficult times. We thank them for keeping the passion and commitment to bring joy and entertainment to our audience in the midst of the pandemic and the shutdown,” Vidanes said.
Professional Artist Managers Inc. president June Rufino said the talent managers and artists understand the network’s situation and consider it as a time “to pay it forward.”
“We want to cooperate. We want to help ABS-CBN in whatever way we can and taking a pay cut is one way to do that,” Rufino said.
ABS-CBN has said it is losing ₱30 million to ₱35 million every day that it is off air, adding that it may let go of some employees by August.
The House of Representatives is deliberating on whether to give ABS-CBN a fresh 25-year franchise, while the network’s bid to nullify NTC’s shutdown order is pending before the Supreme Court.— Source: Eimor Santos, CNN Philippines